An Act to amend the Department of Industry Act (financial assistance)

Sponsor

Cathy McLeod  Conservative

Introduced as a private member’s bill. (These don’t often become law.)

Status

Introduced, as of April 13, 2021

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Summary

This is from the published bill. The Library of Parliament often publishes better independent summaries.

This enactment amends the Department of Industry Act in order to require the Minister of Industry to publish certain information concerning the financial assistance provided either under section 14 of the Act or by any economic development or opportunities agency for which the Minister has responsibility.

Elsewhere

All sorts of information on this bill is available at LEGISinfo, provided by the Library of Parliament. You can also read the full text of the bill.

Department of Industry ActRoutine Proceedings

April 13th, 2021 / 10:10 a.m.
See context

Conservative

Cathy McLeod Conservative Kamloops—Thompson—Cariboo, BC

moved for leave to introduce Bill C-284, An Act to amend the Department of Industry Act (financial assistance).

Mr. Speaker, this pandemic has required extraordinary support for business and industry, which will be an obligation on current and future taxpayers. An example, of course, is the airline announcement of yesterday.

While we support many of the measures, government transparency and accountability are essential. My private member's bill, an act to amend the Department of Industry Act, financial assistance, would require annual publication of all grants, loans and contributions that total over $100,000. I picked $100,000 so that we would not be capturing all the small businesses that were seeking much-needed support.

Parliamentarians and all Canadians have a right to know the status, terms and conditions, especially for repayable loans. This bill is not only about greater transparency and accountability, but it is also about our ability to scrutinize the effectiveness of spending and, more importantly, the ethics of the spending.

Certainly, I want to thank the member for Carleton for seconding this bill, and I think it should have the support of all members in the House for us to do the critical work that we need to do.

(Motions deemed adopted, bill read the first time and printed)